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340B Contract Pharmacy

340B, a federal drug pricing program, can offer significant savings to participating covered entities by making covered outpatient drugs available at or below a statutorily-defined "ceiling price".

While retail pharmacies are not 340B covered entities, they can participate in the 340B program by partnering with covered entities. This arrangement is called "contract pharmacy."

Features

Enhanced reputation as a provider of charitable care

Covered entities use program savings to drive new patient care and access initiatives

Negotiated dispensing fees can serve as a significant new revenue source

Benefits

340B can be a true win for everyone: the pharmacy, the covered entity and their patients. A 340B Contract Pharmacy "arrangement" can provide financial benefits to struggling covered entities, which can use the benefits to expand medication access and other services to the most vulnerable patients. At the same time, the contract pharmacy can benefit from an alternative revenue stream.

Cardinal Health is more than a partner in the 340B process. It is a full participant in the "bill to, ship to" 340B three-party contract arrangement. In addition, the Cardinal Health 340B experts will give you the information and confidence you need to evaluate the contract pharmacy opportunity.

340B can be a true win-win for the pharmacy and the covered entity. A 340B Contract Pharmacy can improve its bottom line AND provide lifelines to struggling Covered Entities which can use (and need) the benefits to meet their daily operation costs and allow them to expand services to those most in need.

Cardinal is more than a partner in the 340B process. It is a full participant in the “bill to, ship to” 340B three-party contract arrangement. The 340B contract pharmacy has the opportunity to bring Cardinal and the 340B Covered Entity together.

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